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#26
02-26-2008, 10:58 AM
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IRS Form 1099 from Mastro Auctions
Posted By: Eric Brehm
Another example is timing certain income and deductions to reduce the effect of the Alternative Minimum Tax on your tax liability, by allocating these to years in which you are less exposed to the AMT. This is using a loophole in the tax code of sorts, but is perfectly legitimate. But the complexity of it is mind-boggling. 
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